NGL ENERGY PARTNERS LP (NYSE:NGL) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.83 by 6 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Wunderlich upgrades its rating on NGL ENERGY PARTNERS LP (NYSE:NGL). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The Analysts at Wunderlich raises the price target from $13 per share to $20 per share. The rating by the firm was issued on June 13, 2016.
NGL ENERGY PARTNERS LP (NYSE:NGL): The stock price is expected to reach $ 15.75 in the short term. The number of analysts agreeing with this consensus is 4. The higher estimate for the short term price target is at $20 while the lower estimate is at $11. The standard deviation of the price stands at $4.03.
NGL ENERGY PARTNERS LP (NYSE:NGL) rose 1.39% or 0.27 points on Tuesday and made its way into the gainers of the day. After trading began at $19.32 the stock was seen hitting $19.8 as a peak level and $19.02 as the lowest level. The stock ended up at $19.67. The daily volume was measured at 1,294,466 shares. The 52-week high of the share price is $33.6 and the 52-week low is $5.57. The company has a market cap of $2,049 million.
Shares of NGL Energy Partners LP rose by 3.53% in the last five trading days and 41.31% for the last 4 weeks. NGL Energy Partners LP is up 156.22% in the last 3-month period. Year-to-Date the stock performance stands at 93.63%.
NGL Energy Partners LP is a limited partnership company that is a vertically-integrated service provider. The Company operates through the following segments: Crude oil logistics, which purchases crude oil from producers and transports it for resale at owned and leased pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries and other trade hubs; the water solutions segment, which includes water treatment and disposal facilities; the liquids segment, which purchases propane, butane and other products from refiners, processing plants, producers and other parties, and sells the products to retailers, refiners, petrochemical plants and other participants in the wholesale markets; the retail propane segment, which is engaged in the retail marketing, sale and distribution of propane and distillates; the refined products and renewables segment, which conducts gasoline, diesel, ethanol and biodiesel marketing operations, and corporate and other.